Wapping HQ sale could make millions for News International

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News International could cash in on “massive demand” for property in Wapping by selling its current HQ, making millions of pounds, according to property experts.

The Financial Times quoted “property industry sources” who said that agents have been looking at sites in central London on behalf of the company.

Liam Bailey from estate agent Knight Frank told Press Gazette: “There is such a lack of residential developments in the area – that location would be hugely desirable.”

News International executive chairman Les Hinton told staff in an email on Tuesday that a decision was set to be made on the future of Wapping. He also said staff on newspapers and websites would become “fully integrated” in order to reach a younger audience.